With open inputs the voltage reading in the high Z mode is pretty undefined. If at all a good external shield would be needed and than high noise and dirft is possible and expected. It is no rare that the meter even drift all the way to overflow.
With a reasonable low impedance signal source (e.g. < 1 M) the high Z mode should not behave much differente from the mode with 10 M input impedance, excepts for the missing loading of the source. The noise, drift and offset should be essentially the same. With the probes connected there should be a stablel zero reading (maybe a few µV off from thermal EMF at the probes, plugs).
This is not specific to the KS34465 but gneral the case for the DMMs with high Z ( > 10 G or similar).